Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 3.06% | +1.70 | 1.36% |
| Return on Equity (%) | ▲ | 26.18% | +13.56 | 12.62% |
| Net Interest Margin (%) | ▲ | 3.88% | +0.44 | 3.44% |
| Efficiency Ratio (%) | ▲ | 25.48% | -21.92 | 47.40% |
| Pre-Provision Profit ($M) | ▲ | $4 | +2.12 | $2 |
| Cost of Funds (%) | ▲ | 1.19% | -0.19 | 1.38% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $362 | +31.70 | $330 |
| Gross Loans ($M) | ▲ | $158 | +7.70 | $150 |
| Loan Growth YoY (%) | ▼ | 48.97% | -1.44 | 50.41% |
| Total Deposits ($M) | ▲ | $318 | +25.41 | $293 |
| Shareholders Equity ($M) | ▲ | $41 | +5.63 | $36 |
| Tang. Book Value ($M) | ▲ | $41 | +5.63 | $36 |
| TBV excl. AOCI ($M)** | ▲ | $48 | +5.95 | $42 |
| Loan / Deposit Ratio (%) | ▼ | 48.97% | -1.44 | 50.41% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.28% | -0.68 | 0.95% |
| Allowance / Loans (%) | — | 1.03% | -0.40% | 1.43% |
| Net Charge-Off Ratio (%) | ▲ | 0.63% | -1.47 | 2.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.62M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▇▇██ | Net Interest Margin (%) | 2.86% | 2.96% | 3.14% | 3.44% | 3.63% | 3.73% | 3.83% | 3.88% |
| ▁▁▁▂▃▁▂█ | Return on Assets (%) | 1.00% | 1.03% | 0.90% | 1.36% | 1.47% | 1.12% | 1.22% | 3.06% |
| ▇▇█▆▅▅▆▁ | Efficiency Ratio (%) | 54.0% | 52.3% | 60.1% | 47.4% | 46.8% | 45.9% | 48.8% | 25.5% |
| ███▅▆▄▄▁ | Cost of Funds (%) | 1.56% | 1.52% | 1.55% | 1.38% | 1.43% | 1.34% | 1.37% | 1.19% |
| ▇███▆▁▂▁ | NPA / Assets (%) | 0.84% | 0.93% | 1.02% | 0.95% | 0.83% | 0.33% | 0.42% | 0.28% |
| ▆███▇▁▂▁ | Net Charge-Off Ratio (%) | 1.66% | 1.98% | 2.07% | 2.10% | 1.78% | 0.70% | 0.90% | 0.63% |
| ▁▃▂▄▅▆▇█ | Tang. Book Value ($M) | $32 | $34 | $34 | $36 | $38 | $38 | $40 | $41 |
| ▆▃▇▂▁▇▇█ | Gross Loans ($M) | $154 | $151 | $156 | $150 | $147 | $155 | $156 | $158 |
| ▁▃▂▄▁▄▄█ | Total Deposits ($M) | $272 | $286 | $281 | $293 | $277 | $289 | $289 | $318 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 8% |
| Agricultural | 5% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 5% |